2011 ORS § 238A.245¹
Reemployment after commencement of pension benefits

(1) Except as provided in subsection (3) of this section, the Public Employees Retirement Board shall cease making pension payments to a retired member of the pension program who is reemployed by a participating public employer in a qualifying position. A retired member of the pension program who is employed in a qualifying position becomes an active member of the pension program without serving the probationary period provided for in ORS 238A.100 (Establishing membership under pension program).

(2) If a retired member of the pension program is reemployed under the provisions of this section, any option chosen by the member under ORS 238A.190 (Survivorship benefits) is canceled, and upon retiring thereafter the member may elect any option provided for in ORS 238A.180 (Normal retirement benefit) and 238A.190 (Survivorship benefits). The board shall recalculate the pension of the member upon subsequent retirement.

(3) A retired member of the pension program who becomes a member of the Legislative Assembly shall continue to receive the pension elected by the member. A retired member of the pension program who becomes a member of the Legislative Assembly may not make an election under ORS 237.650 (Retirement plan election). [2003 c.733 §26; 2011 c.722 §4]